Relaxation in filing of form 15CA & 15CB

CS Tanveer Singh Saluja | Last updated: 21 July 2021

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Quick Summary

The Central Board of Direct Taxes (CBDT) has provided a relaxation for taxpayers struggling with the new Income Tax portal regarding the filing of Forms 15CA and 15CB. Taxpayers can now submit these forms manually to their Authorised Dealer (AD) until 15th August 2021. A facility to upload these forms later on the new e-filing portal will also be made available for generating the Document Identification Number.

The Central Board of Direct Taxes (CBDT) vide Press Release dtd. 20th July 2021, has granted relaxation in the filing of forms 15CA & 15CB in view of the difficulties faced by the taxpayers in filing the said forms on the new Income Tax portal.

Taxpayers are required to submit form 15CA, along with Certificate of a CA in form 15CB (wherever applicable) on the e-filing portal, before submitting a copy to the Authorized Dealer(AD) for any foreign remittance.

Relaxation

The taxpayers can submit the aforesaid forms in manual format to the AD till 15thAugust 2021 (earlier it was extended up to 15th July 2021). Further, it has also been clarified by CBDT that a facility will be provided on the new e-filing portal to upload these forms at a later date for the purpose of generating Document Identification Number.

What is Form 15CA & 15CB?

As per Section 195 of the Income Tax Act, 1961, tax is required to be deducted for any sum which is taxable under the Income Tax Regime. So, when a person desires to make any payment or remit any money to a non-resident (including foreign companies), the bank will check whether the tax was paid or not.

For that purpose, the remitter making payment to non-resident furnishes an undertaking in Form 15CA containing the information relating to the payment of such sum along with a certificate of a Chartered Accountant in Form 15CB, wherever required.

Also Read: CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB

FAQ :

Taxpayers can submit Form 15CA and 15CB in manual format to the Authorised Dealer (AD) until 15th August 2021.

The relaxation has been granted due to difficulties taxpayers are facing in filing these forms on the new Income Tax portal.

Form 15CA is an undertaking furnished by the remitter making a payment to a non-resident, containing information about the payment of such sums.

Form 15CB is a certificate from a Chartered Accountant, which is required to be submitted along with Form 15CA in certain cases.

Yes, the CBDT has clarified that a facility will be provided on the new e-filing portal to upload these forms at a later date for the purpose of generating the Document Identification Number.